China 2009 Vehicle Sales May Rise 28%

[Guest Tony n Terrific]

China has boosted auto sales this year through tax cuts and subsidies as a part of a wider 4 trillion yuan ($586 billion) stimulus that has shielded the country from the worst of the global recession. U.S. sales have slumped 28 percent, pushing the old GM and Chrysler LLC into bankruptcy. Sales could reach as high as 12.5 million vehicles.

 

 

http://www.bloomberg.com/apps/news?pid=206...id=a3_PlYQHJE4o

[GZBILL]

China has boosted auto sales this year through tax cuts and subsidies as a part of a wider 4 trillion yuan ($586 billion) stimulus that has shielded the country from the worst of the global recession. U.S. sales have slumped 28 percent, pushing the old GM and Chrysler LLC into bankruptcy. Sales could reach as high as 12.5 million vehicles.

 

 

http://www.bloomberg.com/apps/news?pid=206...id=a3_PlYQHJE4o

 

Wonder where people are going to be able to drive all these new cars.

[Tony_onrock]

It is still too expensive. It costs a lot more than in the US. I am shopping for a second car and found that even a mimi cooper costs a lot here. Looking for something small and green for the environment as my other car is an SUV. Any suggestions?